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DP WORLD TO BUY JEBEL ALI FREE ZONE OWNER FOR $2.6 BILLION

DP WORLD TO BUY JEBEL ALI FREE ZONE OWNER FOR $2.6 BILLION

DP World, one of the world's largest port operators, has agreed to buy Dubai industrial and logistics firm Economic Zones World (EZW) for $2.60 billion. Economic Zones World is composed of Jebel Ali Free Zone, JAFZA Enterprises, EZW Corp, Business Centre World and Emerging Business Units.

DP world said that it was seeking shareholder approval to delist its shares from the London Stock Exchange, however it would maintain its NASDAQ Dubai listing.